Readers' comments

Acemoglu: “And because in this type of research the objective is not to construct a model that is faithful to reality but to develop ideas in the most transparent and simplest fashion; realism is not what we often strive for…Though this is the bread and butter of academic economics, it is often missed by non-economists.”
Acutally, we get it! Most academic models have no relationship to reality. We just wish they would visit reality once in a while so that it doesn't become strange to them.

O’Brien: Mr. Bernanke's "thinking is framed by data and models," he said. "It beats coming in there with just your gut."

If Bernanke is so data and models oriented, how about him giving us a time frame, unemployment numbers and inflation number for success? He should be able to say that within three years, say, inflation will reach 3% and unemployment fall to 6%.

Otherwise, when he fails he will just plead for more time or reach for the old chestnut “it would have been worse.”

It’s about time that rabid monetarists gave us some objective measures of their success and stand by them. If they don’t get close to those numbers then they fail and admit it instead of endless excuses as they have done for the past four failures of massive monetary pumping.

to be fair some may be have changed thinking a bit its just that could have said in a shorter and more honestly although may should have been more alert to this, did wonder if at the end was going to say this has been an exercise in mis leadering as it trying to suggest more link with relaty with weak assunptions cherry picking even the united social moblity which oecd may for example may not consider better than the said comparison, so may assumptions or quotes seems chosen as fit of course etc but yes the trade of the cuddly and cutthroat etc and changes interesting concept which will think about more.

Think problery will think about this more than most so may be is good

so yes is quite good actually i would delet my last posts but cant find dont know if there is delete button

ignisightful this is what makes this not the best.
To be very silly
It is only a sterlie environment of self congratulation and groupies a detachment from relativty that could make this seems anything particlary new. Could make an acadmeic philspocal econoc paper modelling a situation where people think this is good.
reminds me when i went to the tait modern and see the turner prize

I did not realise that this was written by the people who wrote why nations fail. Party by inepness well almost interly by ineptness and also helps as means not cheating.

I also had a lot of critism of that report. As i see they are refering to once read it read some of the other links.

May be it is because thoertical and dont know what economist do etc as the auther suggests or may be just because it is not the best and fellow acadmeic have etiquette issues to consider.

I did not find it particular counter intunitve under the model they said. It did seem though things from begining such as invation measurement patent citations to aumptions about types of courties federal system ethic or even failure could find may examples of this and opposite, supossed reasons were not tested. All these assumptions take as read. Well interesting in a way yes but could make up another list of things and change something and show a change in imaginary situation this one did not seems particlar insightful as some other do. Even with assumptions and rules etc it just did not seems to take any where particular unique compartive advangages of different apporachs or the stages are not great new insights.

It does not help thinking as much as some do some other made up senarios with there own rules create more of a new perspective. I think this is what made this not brilliant for economic philopy it is does not offer much.

May be the academics are more poltie like when a well know music person makes a song people may rate it more favorbaly than when someone that is not well know. If you dont know there well known or notice well know may think it sounds rubbish.

I was not away there was a poltical right wing left wing thing either until reading until auther meations poltical angle its somethings left right etc can be interesting if help achive new thinking or make look at things a differnt way this did not particlar achive that.

I found the book word heavy, content light so did not buy after reading for 2 hours in book shop. Now am intersted to buy just to see if that is any better.

To be silly if the auther though more about what writting and less thought on why people critise, then may be there be less critism. As the most imaginative things seems to be the reasons why the auther wonders why people critise.